Cash For Gold in Macon, GA

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Tips & Advice

What are the benefits of buying gold?

Buying gold brings certain benefits. Gold holds its value over time, and while the purchasing power of the dollar has declined significantly over the years, gold's purchasing power has remained more constant. Governments can print as much cash as they want, and this increasing supply can have a detrimental effect on a currency's value. With gold, supply is limited, and this is reflected in value that grows over time.

Does gold tarnish?

Pure gold does not tarnish. However, due to its inherent softness, gold is often alloyed with other materials when used to make jewelry, and these alloys may tarnish with time. The amount of gold in the alloy is represented via karats. Twenty-four-karat gold is pure gold, with no additional metals added, while 18-karat gold is an alloy that is 75 percent gold. The lower you go in terms of karats, the less gold there is in the alloy. The less gold there is in the alloy, the more likely it is to eventually tarnish.

What is platinum?

Platinum is a precious metal that has a silvery appearance, and it's commonly used in wedding and engagement rings. It's similar to white gold in appearance, but, unlike white gold, its color won't fade to yellow over time. Platinum is the heaviest of all precious metals, and it weighs twice as much as gold. Platinum is rarer than both gold and silver, and this fact is reflected in its steep prices.

What is gold bullion?

Gold bullion is a form of gold used for trading. Most gold bullion is shaped to resemble a brick, but bullion can take on other shapes, as well. If you intend to store your gold in a precious-metals storage facility for future trading, it makes sense to purchase this metal in the form of bullion. Bullion also represents a cost-efficient way of purchasing gold that will be used in electronics or manufacturing.

What is difference between 14- and 18-karat gold?

Since it is inherently quite soft, gold is often alloyed with other metals to boost durability, and the difference between 14- and 18-karat gold has to do with the amount of gold used in the alloy. Fourteen-karat gold is made with an alloy that is 58 percent gold. With 18-karat gold, an alloy that contains 75 percent gold is used. Twenty-four-karat gold is made with 100 percent pure gold. A karat rating is usually subtly engraved on the clasp of a gold bracelet or necklace, or in the inner band of a gold ring.

How to sell gold

Organize your collection. Start by weeding out those items in your collection that are not real gold. This can be determined by using a magnet. If an item sticks to the magnet, then it is probably made of a material other than genuine gold. Use a magnifying glass to check each item for labels such as 10k and 14k, and group like items together. You should also measure each item, since its weight will affect its value. Conduct all measurements using grams. Also, if you have gold in your collection that was crafted by a well-known designer, know that this could have a favorable impact on the rate you receive.

Know which buyers to contact to get the top rates for your gold. Deal with jewelry stores and refineries, since these are the buyers that usually provide the best rates. Pawn stores will also purchase gold, but their rates are often far lower than those offered by jewelry stores.

Call around for quotes. Once you've measured and sorted the pieces that are being sold, get phone quotes from at least three buyers. Not all gold buyers are trustworthy. Research the buyers offering the best prices using resources such as YP.com and the Better Business Bureau.

Get money. Take the gold in to the most qualified buyer, and trade it for cash.